JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due August 7, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the MerQube US Large-Cap Vol Advantage Index, which itself uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction that drags on index performance.
Investors may receive a Contingent Interest Payment on each monthly Review Date only if the Index closes at or above 70.00% of the Initial Value (the Interest Barrier). The notes are automatically called, starting August 4, 2027, if on certain Review Dates the Index is at or above the Initial Value, returning $1,000 plus the applicable interest and ending further payments. If the notes are not called and the Final Index Value is below the 60.00% Trigger Value, principal is reduced 1% for each 1% Index decline, with losses that can reach 100%.
The hypothetical Contingent Interest Rate is shown as 17.65% per annum (about 1.47083% per month), with a table illustrating total potential interest up to $882.50 per $1,000 note over the full term if all 60 payments are made. The minimum denomination is $1,000. If priced on the reference date, the estimated value would be about $926 per $1,000 note and will not be set below $900, reflecting selling commissions (up to $12.75 per $1,000) and hedging and structuring costs. Payments depend entirely on the Index path and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Auto Callable Contingent Interest Notes maturing August 3, 2028, linked to the common stock of IBM. The notes pay a quarterly Contingent Interest Payment only if IBM’s closing price on a Review Date is at least 51.65% of the Initial Value, implying a Contingent Interest Rate of at least 14.00% per annum (at least $35 per $1,000 per quarter), with unpaid coupons accruing if later barriers are met.
The notes are automatically called on any Review Date other than the first and final when IBM closes at or above the Initial Value, starting February 1, 2027, returning $1,000 per note plus the applicable and any previously unpaid interest, with no further payments. If not called and IBM’s Final Value is at least the Trigger Value (also 51.65% of Initial Value), investors receive $1,000 plus final and accrued contingent interest at maturity. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Stock Return), so principal loss is 1% for each 1% decline from the Initial Value and can reach 100%.
The notes price at $1,000 denominations. Selling commissions are up to $17.50 and a structuring fee up to $1.00 per $1,000 note. The estimated value would be about $960 per $1,000 note if priced on the reference date and will not be less than $940, reflecting embedded costs and JPMorgan’s internal funding and valuation models. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the notes are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, a leveraged futures-based index subject to a 6.0% per annum daily deduction and up to 500% exposure to E‑Mini S&P 500 futures.
The notes have a minimum denomination of $1,000, a pricing date of August 13, 2026, quarterly review dates, a final review date of August 13, 2031 and mature on August 18, 2031. They pay a contingent interest rate of at least 10.90% per annum, or at least 2.725% per quarter, but only for quarters when the index closing level is at or above an interest barrier equal to 60.00% of the initial value; missed interest can be paid later if conditions are met.
The notes are automatically called on any review date from the fourth through the penultimate if the index is at or above its initial value, returning $1,000 plus applicable and unpaid contingent interest, after which no further payments occur. If not called, and the final index value is at or above the 60.00% trigger value, investors receive $1,000 plus applicable and unpaid contingent interest at maturity. If the final value is below the trigger, repayment is reduced linearly with the index return, so investors can lose more than 40.00% and up to all principal. The estimated value at pricing will not be less than $880 per $1,000, and all payments are subject to the credit risk of the issuer and guarantor.
JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., in $1,000 minimum denominations and maturing on August 18, 2031. The notes pay a contingent interest rate of at least 10.90% per annum, credited quarterly, only if the Index on a Review Date is at or above 60.00% of the Initial Value; missed coupons can be paid later if the barrier is subsequently met.
The notes are auto-callable on specified Review Dates from August 13, 2027 onward if the Index is at or above its Initial Value, returning principal plus the due and any unpaid coupons. If held to maturity and the Final Value is below 60.00% of the Initial Value, repayment is reduced 1:1 with the Index loss, so investors can lose more than 40% and up to all principal. The underlying Index includes a 6.0% per annum daily deduction, which is a persistent drag on performance. The estimated value is about $891.10 per $1,000 note and will not be less than $880.00 per $1,000, reflecting selling costs and hedging. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and are not bank deposits or FDIC insured.
JPMorgan Chase Financial Company LLC is offering auto callable structured notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and provides unsecured, unsubordinated exposure to the Index, subject to the credit risk of both issuer and guarantor.
The notes may be automatically called on any Review Date from August 4, 2027 through August 2, 2032 if the Index closing level is at or above 100% of its Initial Value. On an automatic call, investors receive $1,000 plus a fixed Call Premium Amount (at least 8.15% to 48.90% of principal, depending on the call year), and the notes terminate.
If the notes are not called, at maturity on August 4, 2033 investors receive full principal repayment plus an Additional Amount equal to $1,000 × Index Return × a 100% Participation Rate, with the Additional Amount floored at zero. The Index reflects a 1.00% per annum daily deduction and targets a 4% volatility threshold through dynamic allocation among futures-based equity, bond and commodity indices. The indicative estimated value is approximately $928.20 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is offering Digital Barrier Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination, is expected to price on or about August 10, 2026, settle on or about August 13, 2026, and mature on September 15, 2027, with a single observation date on September 10, 2027.
At maturity, if the final level of each index is at least 71.00% of its initial level (the Barrier Amount), investors receive $1,000 plus a Contingent Digital Return of at least 8.77%, for a payment of at least $1,087.70 per $1,000 note, regardless of how far either index has risen above the barrier. If either index ends below its Barrier Amount, repayment is exposed to the Lesser Performing Index Return on a 1-for-1 basis, so investors lose more than 29.00% of principal and could lose their entire investment.
The notes pay no interest, provide no dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicated estimated value, if priced on the date shown, would be approximately $991.20 per $1,000 note and will not be less than $900.00 per $1,000 when finalized, reflecting structuring and hedging costs. The notes will not be listed, and secondary market prices, if any, are expected to be below the $1,000 issue price.
JPMorgan Chase Financial Company LLC is offering $5,685,000 of unsecured, auto-callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest or dividends.
The notes may be automatically called on any of 17 Review Dates starting August 2, 2027 if the Index is at or above the applicable Call Value. In that case, investors receive $1,000 plus a fixed Call Premium (from 18.00% to 90.00% of principal) and the investment ends. If never called and the Final Index Value is below the 50.00% Barrier, repayment is $1,000 plus $1,000 × Index Return, exposing investors to losses greater than 50% and up to 100% of principal.
The Index embeds a 6.0% per annum daily deduction and can use up to 500% futures leverage, which can materially drag performance and magnify losses. The notes are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $10 of fees and commissions, while the estimated value at pricing was $928.90, and the notes are expected to be illiquid and not exchange-listed.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Digital Contingent Buffered Notes linked to the S&P 500® Index. At maturity, each $1,000 note pays a fixed return if the index ending level is at or above the strike, or down by up to the 20.00% Contingent Buffer Amount. In that case, investors receive $1,000 + ($1,000 × Contingent Digital Return); the Contingent Digital Return will be at least 9.37%, implying a maximum payment of $1,093.70 per note.
If the index falls more than 20% from the strike, the payoff becomes linear to the downside, so investors lose 1% of principal for each 1% index decline and can lose their entire investment. Indicative estimated value is $987.90 per $1,000 note and will not be less than $970.00 when set, reflecting selling commissions, hedging costs and issuer profits. The notes are unsecured obligations, not bank deposits, not FDIC insured, and involve complex U.S. tax and Section 871(m) considerations highlighted in the tax discussion.
JPMorgan Chase Financial Company LLC is offering Callable Contingent Interest Notes linked to the Class A common stock of Palantir Technologies Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and may be redeemed early, in whole, at the issuer’s option on November 6, 2026.
Holders receive a Contingent Interest Payment on each monthly Review Date only if Palantir’s share price is at least 50.00% of the Initial Value, with a Contingent Interest Rate of at least 5.85% over the term (at least 0.975% per month. If the notes are not called and the Final Value is at or above the same 50.00% Trigger Value, investors receive principal plus the final Contingent Interest Payment; otherwise the payoff is $1,000 plus $1,000 times the stock return, exposing investors to losses beyond 50% and potentially a full loss of principal.
The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An estimated value of $981.20 per $1,000 note is provided for illustration, and the final estimated value at pricing will not be less than $950.00. The notes are not listed and may have limited or no secondary market liquidity.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 60.5m Uncapped Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index. The notes provide leveraged upside exposure at an Upside Leverage Factor of at least 3.00 to the Index’s performance.
The Index dynamically allocates between 0% and 500% notional exposure to E‑Mini S&P 500 futures and reflects a 6.0% per annum daily deduction. At maturity on September 17, 2031, if the Index is above its initial level, investors receive principal plus leveraged gains. If the Index is between the initial level and the 60.00% Barrier Amount, principal is returned.
If the Final Value is below the Barrier Amount, repayment is reduced one-for-one with the Index decline, and investors can lose more than 40.00% and up to all principal. The notes make no interest or dividend payments, are subject to the credit risk of the issuer and guarantor, and have an estimated value of not less than $850.00 per $1,000 principal amount when priced.